CONSUMER RECEIVABLES, NET (Tables)

6 Months Ended

Jun. 30, 2023

Aging Analysis of Consumer Receivables held for Investment

The following table presents an aging analysis of the amortized cost of consumer receivables by delinquency status (in thousands):


	June 30, 2023		December 31, 2022
Non-delinquent loans	$	1,463,804	$	1,643,874
1 - 60 days past due	221,029		295,830
61 - 90 days past due	22,489		20,612
90+ days past due	74,030		62,134
Total amortized cost	$	1,781,352	$	2,022,450

Activity in Allowance for Credit Losses

The following table summarizes activity in the allowance for credit losses subsequent to the acquisition of Afterpay (in thousands):


	Three Months Ended June 30,
	2023		2022
Allowance for credit losses, beginning of the period	$	141,535	$	109,824
Provision for credit losses	69,053		59,493
Charge-offs and other adjustments	(57,338)		(34,616)
Foreign exchange effect	522		(13,122)
Allowance for credit losses, end of the period	$	153,772	$	121,579


	Six Months Ended June 30, 2023		From Acquisition on January 31, 2022 to June 30, 2022
Allowance for credit losses, beginning of the period (i)	$	151,290	$	115,552
Provision for credit losses	112,184		97,570
Charge-offs and other adjustments	(109,761)		(88,397)
Foreign exchange effect	59		(3,146)
Allowance for credit losses, end of the period	$	153,772	$	121,579

(i) Consumer receivables acquired from Afterpay that reflected a more-than-insignificant deterioration of credit from origination were considered purchased credit deteriorated ("PCD") receivables. For PCD consumer receivables, the initial estimate of expected credit losses was recognized in the allowance for credit losses on the date of acquisition using the same methodology as other consumer receivables.